The City Council of Columbus authorized the Director of the Department of Development to enter into a Housing Development Agreement (HDA) with NRE NFP Inc. (Nuveen Real Estate). This agreement formalizes the city's commitment to provide up to $25,000,000.00 in bond funds, pending future availability and City Council approval of subsequent grant agreements. Nuveen Real Estate is investing over $350 million to create and preserve 1,250 affordable housing units in Columbus. This includes over 600 new units at Sawyer Towers and 620 Norton Road, which will feature amenities and social services, with a focus on sustainability. Additionally, Nuveen Real Estate will undertake a major renovation of approximately 650 existing affordable housing units at Wedgewood Village, ensuring long-term affordability for low-income families. The emergency declaration for this legislation was to expedite the commitment of city funding, which is crucial for the property acquisition closings of Sawyer Towers, 620 Norton Road, and Wedgewood Village.